China moves to stop car price wars
The People's Republic of China has introduced new rules for its car industry. The goal is clear. Stop price wars. Protect fair competition. Support long-term growth.
Chinese regulators told carmakers to stop selling cars below cost. They also warned companies to end “disorderly competition.” Leaders believe constant price cuts damage the industry. They reduce profits. They slow innovation. They weaken supply chains.
A market under pressure
China has the largest auto market in the world. In recent months, many brands cut prices heavily. Read: https://autochannel1.com/
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